Harsco Corporation (HSC) Expected to Announce Earnings of $0.16 Per Share

Wall Street brokerages expect that Harsco Corporation (NYSE:HSC) will announce earnings of $0.16 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Harsco Corporation’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.14. Harsco Corporation posted earnings of $0.14 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 14.3%. The business is expected to announce its next earnings report on Thursday, November 2nd.

On average, analysts expect that Harsco Corporation will report full year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.65. For the next year, analysts forecast that the business will report earnings of $0.74 per share, with EPS estimates ranging from $0.68 to $0.83. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Harsco Corporation.

Harsco Corporation (NYSE:HSC) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. Harsco Corporation had a positive return on equity of 26.28% and a negative net margin of 1.38%. The firm had revenue of $394.89 million for the quarter, compared to analyst estimates of $384.40 million. During the same period in the previous year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year.

Several equities research analysts have issued reports on the stock. BidaskClub downgraded shares of Harsco Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Jefferies Group LLC restated a “buy” rating and set a $19.00 price objective (up from $18.00) on shares of Harsco Corporation in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Harsco Corporation from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, August 8th. Lake Street Capital restated a “buy” rating on shares of Harsco Corporation in a research report on Friday, August 4th. Finally, KeyCorp restated an “overweight” rating and set a $19.00 price objective (up from $17.50) on shares of Harsco Corporation in a research report on Monday, June 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $18.50.

Shares of Harsco Corporation (NYSE:HSC) traded up 3.47% during trading on Friday, reaching $17.90. The company had a trading volume of 393,229 shares. The company’s market cap is $1.44 billion. The firm has a 50 day moving average price of $16.41 and a 200 day moving average price of $14.78. Harsco Corporation has a 12 month low of $8.52 and a 12 month high of $17.90.

TRADEMARK VIOLATION NOTICE: “Harsco Corporation (HSC) Expected to Announce Earnings of $0.16 Per Share” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://ledgergazette.com/2017/09/19/harsco-corporation-hsc-expected-to-announce-earnings-of-0-16-per-share.html.

Several institutional investors and hedge funds have recently made changes to their positions in HSC. BlackRock Inc. increased its holdings in shares of Harsco Corporation by 36,936.1% during the first quarter. BlackRock Inc. now owns 9,685,304 shares of the industrial products company’s stock worth $123,489,000 after purchasing an additional 9,659,153 shares during the period. Rothschild Asset Management Inc. bought a new position in shares of Harsco Corporation during the first quarter worth approximately $23,733,000. Hood River Capital Management LLC bought a new position in shares of Harsco Corporation during the second quarter worth approximately $20,263,000. 1060 Capital LLC bought a new position in shares of Harsco Corporation during the second quarter worth approximately $14,658,000. Finally, Vanguard Group Inc. increased its holdings in shares of Harsco Corporation by 9.1% during the second quarter. Vanguard Group Inc. now owns 7,831,203 shares of the industrial products company’s stock worth $126,082,000 after purchasing an additional 650,173 shares during the period. 80.68% of the stock is currently owned by institutional investors.

Harsco Corporation Company Profile

Harsco Corporation is a provider of industrial services and engineered products. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Harsco Metals & Minerals segment provides outsourced on-site services to the global metals industry, with the operations focused in the United States, the United Kingdom, France and Brazil.

Get a free copy of the Zacks research report on Harsco Corporation (HSC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Harsco Corporation (NYSE:HSC)

Receive News & Ratings for Harsco Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harsco Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply